Like “Vaccines Passports,” The "War On Cash" Will Ultimately Fail
Fortunately, for the sake of our remaining freedom, the idea and implementation of “vaccine passports” failed miserably. The desires of our corporatist and special-interest run government was laid bare for all of us to see. We American citizens should never rest on our laurels though. The “war on cash” is another angle for achieving the same goals. Like “vaccine passports,” a totally digital and government-controlled cashless “system,” will also end up going down in flames.
Hello everybody and thank you for tuning in to the Liberty Report.
With us today we have Chris Rossini, our co-host.
Chris, welcome to the program.
Great to be with you, Dr. Paul.
Very good.
We'll be talking about money today.
I'm sure we'll mention gold, but we'll also talk about paper money and legal tender.
And there's hints that the government may be behind this move on that's in the news about people not being able to use paper money or any government money.
And you have to, you can't use the cash.
You have to cash it in, which means that we've predicted this and they do it all the time and there's a lot of tracing of money.
So we'll get into that in a bit.
But you know, the gold markets have been jumping around and I saw today they were jumping way up because the houses were down, but that gets a little bit more complicated because I try to narrow it down to something that's easier to understand.
Why does it go up and down?
Well, markets go up and down.
But we do know that gold goes up.
And although it has periods when it goes down, when you think about gold when it was the responsibility of maintaining a sound currency, of course they tried to do that with the Continental Dollar and they ruined it.
It was finished pretty quickly.
And with that message, they said in the Constitution that we're going to have a sound currency.
And then there was a fight ever since about, do we have a central bank?
Do we have a Federal Reserve?
And to maintain the value of the currency.
Well, it looks like over the years there was an erosion of the sound currency.
And the people who'd wanted the central bank, they got what they wanted.
And now we're in the mess we're in.
And the whole thing is, is the credit that is accumulated by our government is so atrocious that they have not much other alternative to print money.
So when they took over this responsibility, gold was $20 an ounce.
And, you know, most of my life up until the 70s, we weren't even allowed to own gold.
You know, it was taken off the market.
So they've been manipulating, but they could not manipulate the market saying, look, you're lying to us.
You're cheating.
You're printing too much money.
It's not $20 an ounce.
And then they capitulated, and they did.
The price went up.
As long as you were in the government, then you could use it.
But that finally broke down in 1971.
And then they did.
So the Fed was in charge.
So they took it for $20 an ounce.
It was amazing.
To me, it went to $200.
And I thought, wow, it went up that much, 10-fold.
And then all of a sudden, it went up to $2,000 where it sits now.
Rules and Tyranny00:15:24
And because the policies aren't changed, there's always an argument, always an argument in Washington about whose fault is it?
Is it Congress spending too much money and putting pressure on the Fed?
Or is the Fed out there creating the money and pretending they can regulate the economy and stimulate or slow down the economy according to some Keynesian rule that they have devised and put into a computer.
So we have that to deal with.
And today, we have this currency that is deteriorating rather rapidly.
And and now Chris, I want to move into our uh our our our, our assessment of a, of a, of a uh magazine article that we saw from zero hedge.
Uh this, this article that we looked at and caught our attention.
It says, it's not right, major venues now punishing people for using cash versus plastic.
Oh well, this is okay.
Can't, can't the?
Uh, can't the these companies can't, can't the Yankee Stadium people collect their money uh, in credit cards and checks, and all this, but not not uh government, that government uh, legal tender.
So I have a legal tender bill here and I don't know who's breaking the rules.
I know that uh I, I know the federal government and the Federal Reserve are breaking a lot of rules and a lot of not only etiquette but uh, just honesty and money.
But here's a bill famous uh, it's uh, United States Of America.
We have all the way up still to a hundred dollars, used to go up to five hundred dollars and maybe even bigger.
But even these bills, it says this, this bill is legal tender for all debts, public and private.
Now, is that a mandate, or or are we able to use it and satisfy debt.
Well, I don't think anybody wants to think about that.
That just confuses people about legal tender, because we'd like to just eliminate the whole system and let the government get out of it, out of rigging the system.
So uh, they have talked a long time about uh, a cashless society.
Why is it good for economics?
Is it good because it'll facilitate trade and that sort of thing?
No, it facilitates the spying nature, the intrusion of big government into the privacy of all citizens, and they've been doing that all along.
I mean, the bank secrecy act was not to keep things secret for you, it was to spy on us, and I think that was in the 1970s and ever since.
So they keep they keep close tabs on this, and some people said that's been the motivation for the cryptocurrency, and it probably has been.
But my prediction is that ultimately, the government is going to be interested in all of it, whether it's legal tender dollars, whether it's new money, crypto money gold, whatever.
If they can confiscate the gold, that means the government is going to be watching us very carefully.
Chris, that's right.
Dr Paul yeah, and and um, I had a family member recently tell me, you know, they went to a baseball game and everything has to be credit.
They won't take any cash.
He's and uh you're, but you're basically penalized you.
Then you have to go to atm and pay a fee to go get your money, to go use the stadium.
So, yes, they're trying to eliminate cash.
It is a big threat to privacy.
And, you know, most transactions these days are credit anyway, but they want total surveillance of all our transactions.
They want no escape, you know, into cash to where they can't see where everything is going on.
And this is very similar to the vaccine passports.
They wanted total control of our movements.
Yes, I've been jabbed this many times.
Look, I'm up to date.
Look at my app.
You know, thankfully, that flopped and went up in flames, that Nazi-like tyranny.
But, you know, these people that want this stuff, they don't give up.
This war on cash is just another angle.
And, you know, it's very disappointing.
You know, our major sports leagues, they're like arms of the government.
Everything the government does, the sports leagues, they have their pom-poms cheerleading everything.
And they're always at the forefront testing this tyranny on us.
You know, it's a shame.
And the tech companies are the same way.
They had the apps for this contact tracing.
And you're going to show how up-to-date you are so you could get into places while all the diseased people stayed out in the parking lot.
You know, the major problem with this is if all money is digital and controlled by the state, it means they can take money out of your account without you having any say about it.
They want a war with Iran.
You wake up one day and a thousand bucks is gone.
That's your contribution to the war.
And this happened in Cyprus, I believe, during a financial crisis.
People, they call it a haircut.
They went in their bank account.
You know, it was less than it was the day before.
They just confiscate the money.
And there's no way out.
There's no, you can't go take out cash.
Your money is completely at their mercy.
Now, this won't work, this stuff, and I'll get into that later.
But this is the goals.
This is the delusions that they dream up, these vaccine passports, getting rid of cash.
But there will always be workarounds, and we'll get to that soon.
You know, the argument is that the government has to do this and the Feds involved to keep the people honest.
You know, they're not cheating and they're not stealing and this sort of thing.
And I got to thinking, well, what we have here is that we have a need for keeping the government on us, and that we don't have.
But they're working very hard to keep things on us.
It makes it harder and harder for people to invest and to take care of their future needs.
And I find that it's helpful to have some assistance of this.
This is why we partner with Birch Gold Group because they deal with gold and putting your gold in a place which is safer than when it's in the hands of the government, you're not allowed to touch it.
So that is available.
And they have information to tell you how you can do it and how to set up an account for this to put actually the metal, the gold, in these funds for retirement purposes.
So if you wanted more information on this and exactly what they're doing and their advice, you can get it.
You don't have to pay for it.
This is available to people who request it.
So if you did, you can text Ron at 989898 and they'll send you some material to find out whether you want to use this vehicle.
Because right now, when I look at all these things going on with the attack on cash, which is going to continue, it's not going to go away.
And then also, if you look at the incentive to print money, there is no way that's going away.
And so all our problems are going to get worse when it comes to monetary things.
And that means it'll be harder to finance the government because it means higher taxes.
Well, you know, the taxes are going to go up, but the people, there's a limit to what the people can pay, and so they always have to resort to something else.
They have to use the inflation tax, print the money, devalue the currency, take the value from the courageous into self, and that's a way of stealing money from the people.
And also the technique of squeezing the taxpayer, threatening them.
You're going to go to president if you into prison if you do this.
And they usually like to use, you say, well, they're just going after the big guys, right?
No, I don't think you ever see the big guys with handcuffs on, not out of anyway.
But you do see sometimes you see individuals who are totally innocent of any conniving or dealing in anything over $10,000.
They want to make sure that everybody knows everybody's vulnerable to have the pressure put on the IRS.
So they do that, then there's the limit.
And nothing is going to happen to change this unless Washington, Congress, and the President, and the Fed participates in this whole thing of cutting back on spending.
And just think of how many special interests there are, whether it's the military, the pharmaceutical companies, the educational system, on and on.
So the spending is going to continue, and the deficits are skyrocketing.
Even this year, it was discovered that the deficit was going to go up.
They had to add this on it by surprise.
They missed it so far, so they had to add another $400 billion for what the deficit is going to be.
And it's up to $1.9 trillion in one year.
So that's going to continue.
That is why gold is so important.
And all this is important.
So you lose twice.
When the government gets the money and spends the money, people suffer.
They're not doing that to protect us.
The people suffer from this.
So you lost there.
But then when they take the money and they inflate it, it gives you price inflation.
Then if you go to the grocery store, your grocery bills double or whatever.
And that's another time you get hurt.
You get hurt when they take the money.
And then you get hurt with the higher prices, which is taking the purchasing power of your money.
So it's a bad system.
It's coming to an end.
And this is why I really do emphasize trying to figure out how to preserve and protect against the system.
And I talk a lot about that.
I've done that over the years because there's a lot of things you can do, having family and friends and survival equipment and all this.
But ultimately, working for sound money and working for protection of liberty is really the big things that we have to deal with.
And I think there's more of that, but the money is an issue that people understand.
And what's going on now, especially with this motive and this news about, you know, you can't even go to the ball game without cashing in your cash and getting a certificate so you can spend some money.
And you could argue and say, well, that's just the ballpark figure.
They do that.
Don't they have a right to do that?
Well, that's not where the argument, the argument is, do you think the Fed could be behind this test run?
How are the people going to react if they're not allowed to use cash?
That's what I think it's all about.
So, you know, the removal of cash is something because it's the principle, just as the removal of the value of money is a principle that lasted a long time.
But removing cash is going to be systematic and steady and sinister.
But that is a purpose to depend to the point someday maybe the government won't have to do anything.
Maybe it's the times when these countries, whether it was Germany, Venezuela, or whatever, that the paper money becomes worthless and the government doesn't have to confiscate it.
The people just burn it.
So that's all it's not a, we have a system that is not viable.
It's been around for a long time, all the way back to Roman times.
And it has to do with greed.
It has to do with theft.
It has to do with loss of morality.
And right now we're in the midst of this and we're in the midst of runaway inflation.
We're having an election coming up.
And some people would conclude by telling them who's their candidate and hey, I'll stop it.
And quite frankly, it's not going to be stopped very easily.
It's how are we going to deal with this?
And are we going to look at it honestly?
It's a huge problem.
And the honest answer, as far as I'm concerned, is having a system of government much closer to what the founders intended than what we have turned it into.
Chris?
Absolutely, Dr. Paul.
Yes.
Authoritarians have these fantasies that they one day can just turn the key and then every, you know, all of human life is boxed in for them to manipulate.
But that's not going to happen because you cannot box in the human mind, creativity, human creativity.
So government makes rules.
We have more rules than they even know exist anymore.
And yet for every single one of those rules, there's people that get around them always.
Because all they have to do is, okay, here's the situation.
How do we get around this?
And then they sit and think and they figure out a way, period.
And so if they want to lock people into a digital money prison, immediately or even beforehand, alternative currencies will be created, both physical, digital, and black markets will form immediately.
And here's the irony of it.
Politicians themselves will participate in the alternative currencies and black markets because they're some of the most corrupt people on earth.
So they're going to want stuff that's off the books and not used with the official digital currency.
People will have two accounts, the one the government sees and the one the government doesn't see.
So that's why this whole idea is a fool's errand.
But again, they have this fantasy that they're going to lock people in.
But this works both ways.
We would like for the politicians to follow the rules too.
We would love for them to follow the Constitution.
They break every single one because they look at the law, the Constitution, they say, how do we get around this?
We can't counterfeit money, so we won't.
The Federal Reserve will do it.
We can't censor.
We won't.
The Facebooks will do it for us.
So it's the same thing.
They use their creative mind to get around the rules.
In this case, it's the Constitution.
It's a law they're supposed to follow.
And they do the same exact thing that citizens do to them.
So it's a constant cat-and-mouse game, this life that we are in here.
We just need freedom to dominate.
At all times, one or the other is going to dominate, either tyranny or freedom.
Early in our country's history, freedom dominated.
And there was great results of it.
Today, tyranny dominates.
And look at the results.
They're terrible.
So this idea that they're going to lock the doors and everybody is going to be in their digital prison is a fantasy.
Very good.
You know, there's an article recently, the headline caught my attention.
World Needs More Gold00:08:11
It said, the world is going to need more gold.
And I look at this as a positive story because I just mentioned a little while ago that eventually one way that the government might not have to knock on a door and take your paper money.
They're going to regulate the thing that we were talking about, forcing everybody to not use it and to make it illegal.
But if it's down to the point where the runaway inflation isn't, they print trillions of dollars of paper that has no value, they have to burn it, what happens?
And this article, the world's going to need more gold, is good because there is a movement.
There's the rebellion against the dollar's reserve currency status and the BRIC group, and that is big and huge and moving along, and who knows what will come of that.
And they're always mentioning gold in it.
They're not talking about the gold standard that we might need someday.
But this is the market speaking.
And a lot of people, you know, believe in it, believe the argument, well, you can't have a gold standard.
There's not enough gold in the world.
In a way, they're suggesting that in this article, there's not enough gold, but we need more gold.
But you know what?
If you're on a true gold standard, you don't have to worry about it.
If you have a total fiat currency and you try to regulate it, sometimes you think, well, we need more fiat.
We need to take it back and reduce it.
But if you don't do this, and the gold, when the value of gold in a free market goes up, there's a greater incentive to print, to mine more gold.
So you don't have to, the market will regulate the supply.
Everybody says, well, how do you know the population is growing?
Doesn't that mean we have to have more gold for the market to work?
No, you really don't, because gold is a measuring rod, and you can use it as a measuring rod without having everybody carrying everything around in your pocket.
That means gold coins, everything else.
It's not like that.
But the market, the market actually deals with this.
It doesn't mean that if you have the perfect fiat system or the perfect cryptocurrency and saying, well, when the world doubles in supply, you know, we'll have to do something to adjust and this sort of thing.
We'll just add another paper currency.
But the gold standard, miraculously, when the people want it and they want their freedoms and limited government and honest government, actually the gold supply will be adequate.
The supply of gold, because if the purchasing power goes up, there's an incentive to mine more.
And that makes a difference.
When the prices are too high, maybe they won't use it as much.
But the market will regulate the amount of gold.
People worry too much about that.
But this article is suggesting that they need gold now because these central banks want it to back their currency.
And that is good.
And for them to go out and buy the gold, that doesn't mean necessarily the world has to all of a sudden have new discoveries or the market is going to crash because there's not enough gold to have free markets.
I don't think that's the case.
I think the market is pretty smart, a lot smarter than the Keynesian economists that have been running the Fed for all these years.
Fantastic.
And that's an excellent point.
I'll finish up, Dr. Paul.
Echoing that point.
Money is the function and creation of the market.
To most Americans, that would be very strange.
They think that this is a government thing.
No, government comes in afterwards and hijacks it and then monopolizes it for itself.
But money has always been a market phenomenon.
And another thing that we are totally not used to is money.
In the past, it would buy more as time goes on.
When there's more productivity, you could buy more as the years go on with your money because the money is worth more.
Today, it's the exact opposite.
It's constantly being debased and inflated away because that's why government wanted the control of the money.
And we're used to constantly higher prices.
This is unnatural.
This is a government money phenomenon, not market money phenomenon.
And what they do is they hijack it, and then they stamp legal tender.
This is what you're going to use by force as money.
No more, you choose whatever monies you want to use in the marketplace.
You're going to use this.
And we're going to create as much as we want for welfare, for warfare, to grow the government as big as we want.
And today, the United States government is the biggest in the history of the world.
That was not the plan or the hope.
That's not freedom.
You can't have freedom and that at the same time.
So they used the counterfeiting of money to grow themselves.
And so even if they were to pull off this digital currency, it would be the same problem.
They would use it, they would inflate it, and it would decrease in value to the point of perhaps hyperinflation because they cannot defeat supply and demand.
That is out of their control.
They are slaves to it like everyone else.
So we really don't have to worry.
And like I said earlier, black markets, alternative currencies would form and perhaps abolish, you know, make the government's money irrelevant altogether.
So we shouldn't be afraid of this stuff, just need to understand what they're trying to do, why they're foolish in trying to do it, and at the same time, put out the good ideas so we can get back on a better path.
Very good.
You know, I'm going to mention one more time the number to text if you're interested in getting some information from Birch Gold.
And that is text Ron at 989898 if you want to get a little bit more information how you can be saving, literally withholding the metal itself.
And, you know, over the years, I have purchased gold, especially since I got interested in the monetary system a long time before gold became legal, which was not until 1975.
And that has helped me because as a coin collector, even as a kid, you know, I like that.
But the pennies had copper in it.
The nickel had nickels in it.
The dimes had silver in it.
The quarters had silver in it.
We weren't allowed to have gold coins.
But none of that exists.
It sort of annoys me to no end when there's a bunch of coins laying around the house or on the floor or out in the yard someplace and you pick them up and it's just junk.
And I think the coinage is junk because our policies are junk.
But I never really took to investing.
I think saving coins and having and purchase the metals and actually use them as a savings device, that's a little bit different than if you're trading gold and buy gold and invest.
Gold price is going to go up and then you sell and that sort of thing.
I didn't do that.
But still, if the assumption is that the mess in Washington is going to continue, the deficits are going to skyrocket, the Fed is not going to go away tomorrow.
They're going to keep printing money and therefore the ratio is going to change, which is there's going to be more and more dollars and you can't predict tomorrow or the next day.
If you were the greatest investor in the world, you would know what to do every other day or something.
But no, you don't do that.
But when you look at the long picture of what the Fed did for $20 to $2,000, and what if that percentage happens again?
Foundation Rotted Away00:01:10
And it could.
And that's the whole problem with trying to help people is because nobody knows what next week will bring.
I mean, the foundation of our system has rotted away.
There is no foundation because the foundation is based on honesty and integrity, a justice system, and the principles of liberty and sound money.
We don't have that.
So some type of cataclysmic thing can happen.
And the worst thing that can happen in this world with all the horrible weapons we have is, you know, a world war breaking out.
But there's a world effort now to rearm, which makes me a little bit nervous, although they've been doing that forever.
But this is something that we should, you know, be concerned about.
And this is why we spend our time at the Ron Paul Institute and the Ron Paul Liberty Report is to promote the cause of liberty because I believe that gives us the answers on, tells us how we got here and what we can do.
And believe me, the answer is not complicated.
Personal liberty and honesty in government would go a long way to preserving peace and prosperity.